JAKARTA – Today PT Bank Permata Tbk ("PermataBank" or "the Bank") held the Due Diligence Meeting and Public Expose in which the management conveyed the Bank's plan to launch the Bonds Program in the Public Offering of Subordinated Bonds I Bank Permata Tranche I Year 2012 ("Obligasi Subordinasi Berkelanjutan I Bank Permata Tahap I Tahun 2012" or "Sub Debt") with Tranche I in the amount of maximum IDR 700 billion.
The issuance of this Sub Debt is the initial part of the total Bank's Bonds Program ("Penawaran Umum Berkelanjutan Bank Permata"), with amount targeted at IDR 2.5 trillion, which is expected to be issued in tranches within two years.
"The Sub Debt issuance will further strengthen PermataBank’s capital structure and support its business growth, allowing us to build on our competitive position in the Indonesian banking industry. On investors side, this Sub Debt - that has a fixed coupon until its maturity - is expected to provide a profitable investment opportunity for them", remarked Giridhar S. Varadachari, Finance Director of PermataBank.
Priced at 100% of its Nominal Value, the Sub Debt has a maturity of 7 years and carries an indicative coupon range of 8.50% to 9.50% per annum, which coupon interest payment is to be made on quarterly basis. The final coupon will be decided after completion of book building process.
The instrument received idAA- whilst the Bank received id AA ratings from PT Pemeringkat Efek Indonesia ("Pefindo"), reflecting the Bank's strong synergy and support from its majority shareholders, solid market position and improving asset quality. Outlook for both ratings are stable. The ratings reflect the Bank’s very strong capacity to meet its long term financial commitments on the debt security.
The book building of Sub Debt Bonds Program is planned to commence from 22 May - 05 June 2012 followed by offering period from 14 - 18 June 2012, after which allotment will be made on 19 June 2012 and payment from investors to the underwriters on the next working day, 20 June 2012. It is planned to be listed on the Indonesia Stock Exchange (IDX) on 22 June 2012.
PT Standard Chartered Securities Indonesia (affiliated), PT Mandiri Sekuritas, PT NISP Sekuritas and PT OSK Nusadana Securities Indonesia are the Joint Lead Underwriters for the proposed Sub Debt issue whilst PT Bank CIMB Niaga Tbk acts as Trustee.
Proceeds from the Sub Debt after deducting emission’s expenses will be treated as lower tier II capital in accordance with Bank Indonesia regulation, and will be fully used for loan expansion.
For further information please contact:
Head, Corporate Affairs
P: +62 21 523 7899 # 1766
F: +62 21 523 7253
Head, Corporate Secretary
P: +62 21 523 7999
F: +62 21 252 4492
email : email@example.com
PROFILE OF PT BANK PERMATA Tbk
PT Bank Permata Tbk (PermataBank) is the result of a merger of 5 (five) banks, PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Prima Express, PT. Bank Artamedia and PT Bank Patriot in 2002, and today has grown into a major private bank that offers products and services, innovative and comprehensive delivery channels including Internet Banking and Mobile Banking. PermataBank has aspirations to become a leading financial services provider in Indonesia, with a focus on Consumer and Commercial segment. Serving approximately 2 million customers in 57 cities in Indonesia, the Bank has 281 branches (including 11 sharia branches), 10 Mobile Branches, two Payment Points, 722 ATMs with additional access at more than 40,000 ATMs (VisaPlus, Visa Electron, MC, Alto, ATM Bersama and ATM Prima).
The recognition of recent achievements PermataBank are Distinguished Honoree from The 8th International Business Awards 2011 (Stevie Award) in 2 categories: "Communications Department of the Year" (global) and "Corporate Social Responsibility Program of the Year" (Asia, Australia and New Zealand). “Fixed Income Poll 2011 - Overall Best Domestic Credit Service Provider in Indonesia and Foreign Exchange Poll 2011 - Best Domestic Provider of FX Services in Indonesia as voted by Corporates” by Asiamoney publication, The Best in Building and Managing Corporate Image category Bank National with < Rp. 100 trillion assets from Bloomberg Business Week and Frontier Consulting Group 2011, The Best Mobile Banking in Asia Pacific 2011 from The Asian Banker Award, Recognations From MURI for 'Living Joy' – The First Application Mobile Banking Lifestyle in Indonesia, Top ranking in all segments banking, credit cards and Priority in the CCSL's Annual Call Center Award 2011 which was recently obtained an award from MURI PermataTel consistency best achievement since the 2006-2011, The best Phone Banking-SMS Banking-The best overall Shari a Banking including CS and ATM from MRI-InfoBank 2011, Bisnis Indonesia Award as The Best National Bank 2010, The Most Profitable and The Most Efficient Sharia Unit 2009 from The Islamic Award 2010, The Most Profitable and The Most Efficient Syariah Unit 2009 dalam The Islamic Award 2010, The Asian Banker “The Bank with the Best Cash Management in Indonesia” in 2010, Second rank in Banking Intermediation Award organized by Bank Indonesia 2010, Awards for KPRKeluarga and KPRBijak from Rekor Bisnis Indonesia, Tera Foundations and Seputar Indonesia 2010, Awards in 8 different categories in Bank Service Excellence Monitor (BSEM) by MRI-InfoBank 2009/2010, Ranked 3rd in Medium-size Bank category of 50 most admired companies in Indonesia by Business Week 2010, Corporate website can be accessed at http://www.permatabank.com